BUSINESS secretary Kwasi Kwarteng yesterday confirmed former Boston Consulting Group partner Marcus Bokkerink as the preferred candidate to take over as chair of the UK's competition watchdog, as a two-year hunt for comes to a close.

Kwarteng said that Bokkerink, who has three decades of experience advising corporate executives and boards, is slated to take on the Competition and Markets Authority chairmanship after former chair Andrew Tyrie was ousted in 2020 in a boardroom coup.

The appointment contradicts earlier media reports that Phoenix Group boss Clive Bannister was set to take the reins of the regulator.

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